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Retail Space with Pedestrian Traffic

640 S Mill Ave, Tempe, AZ 85281

For Lease
Contact for pricing

Retail space in a walkable environment with high pedestrian foot traffic and strong daytime population nearby.

Space Size1,000 SF
Days on Market150

Property Features for 640 S Mill Ave

General Information

Standard status Active
Size 1,000 SF
Property subtype RETAIL

Spaces For Lease

at 640 S Mill Ave
640 S Mill Ave AVAILABLE, Now
Size 1,000 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Vibrant and walkable street environment with high volume pedestrian foot traffic - Extremely high Daytime Population (+612,000) within a 5 Mile Radius - Part of the City Of Tempe's $20 Million Mill Ave Renovation Project - 1,378 hotel rooms within one mile of Centerpoint delivered/under construction/planning stages over the last 36 months
Contact us
Listing Agency: Edge Realty Partners - Phoenix
Listed By: LeDonna Spongberg
Source: Moodyscre
Added: Jun 11 Changed: Oct 25 Last Checked: Nov 6 at 10:54AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Edge Realty Partners - Phoenix

Rey
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Investment Insights

Based on property information with market context.

This retail space is positioned in a vibrant, walkable street environment supported by high volume pedestrian foot traffic.

The area shows substantial daytime population of approximately 612,000 within a 5-mile radius. The property is also part of the City of Tempe’s $20 million Mill Ave Renovation Project.

In addition, there are 1,378 hotel rooms within one mile of the property, spanning delivered and ongoing development activity over the past 36 months.

Key Highlights

  • Walkable street environment with high‑volume pedestrian foot traffic
  • Extremely high daytime population of +612,000 within a 5‑mile radius
  • Part of the City of Tempe’s $20 million Mill Ave renovation project

Property Analytics

Current Use

Six40rty Bar & Pub

Suggested Use

Top Pick Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Acupuncture Pet Grooming Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,482
Businesses Nearby
202k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 74% Apparel 9% Shops & Services 9% Leisure 6%
Chick-fil-A Dining
33,031 visits/mo 0.2 miles
Chili's Grill & Bar Dining
28,362 visits/mo 0.3 miles
Chipotle Mexican Grill Dining
18,614 visits/mo 0.4 miles
Jack in the Box Dining
13,708 visits/mo 0.1 miles
AMC Centerpoint 11 Leisure
13,061 visits/mo 0.1 miles

Demographics for 85281, AZ

69,218
Population
32,475
Households
2.1
Avg Household Size
26
Median Age
49%
College-Educated
91%
High-School Grad
13.3 sq mi
ZIP Area
5,204
Density / Sq Mi
$59,084
Median Household Income
$32,805
Median Earnings
$1,531
Median Rent
$364,200
Median Home Value

Market

Lease Benchmarks for Tempe, AZ

$14.94 /SF/Yr
Avg Asking Price
$2.69–$23 /SF/Yr
Price Range
36,810 SF
Avg Space Size

Properties on Market for Retail space in Tempe

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Retail space in a walkable environment with high pedestrian foot traffic and strong daytime population nearby.
Where is this retail space located?
The property is located at 640 S Mill Ave Tempe, AZ.
What are key features of this property?
This property features: Walkable street environment with high‑volume pedestrian foot traffic; Extremely high daytime population of +612,000 within a 5‑mile radius; Part of the City of Tempe’s $20 million Mill Ave renovation project
(480) 650-8434 Call to check price and availability
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